SF Eagle building up for sale

[vaara]

Anyone spare a few million?

The legendary bikerish, gayish bar at 12th & Harrison was closed anyway, obviously, but now it appears that the closure will be permanent unless someone or several someones can come up with the cash to buy the building.

So many memories of great live music shows there and... stuff. It would be a shame to lose it.

 

[gixxerjeff]

I used to work on Howard St between 11th & 12th and parked on Harrison forcing me to walk by The Eagle every day. The first image my mind goes to is of the professionally crafted sign on the fence that said "Please respect our neighbors. No sexual shenanigans within public view."
The permanent stench of piss also comes to mind but that's fairly ubiquitous throughout the entire city.

 

[kingmoochr]

I'm ready for this city's next iteration..........

 

[Eldritch]

Anyone spare a few million?

The legendary bikerish, gayish bar at 12th & Harrison was closed anyway, obviously, but now it appears that the closure will be permanent unless someone or several someones can come up with the cash to buy the building.

So many memories of great live music shows there and... stuff. It would be a shame to lose it.

Are they selling the liquor license as part of the package?

 

[vaara]

Are they selling the liquor license as part of the package?

It’s unclear whether it’s just the property for sale, or the business/liquor licenses, or both.

In any case, liquor licenses are dirt cheap in SF now, compared to the Before Time.

 

[afm199]

Some crazy times in that neighborhood thirty plus years ago.

 

[Holeshot]

It’s unclear whether it’s just the property for sale, or the business/liquor licenses, or both.

In any case, liquor licenses are dirt cheap in SF now, compared to the Before Time.

Given the licenses need an open establishment to transfer, that's gonna be a tough one, IMO.

Commercial markets in city centers don't seem to have an eagerness to put out capital just yet. We may see significant blight in areas in city centers that were once flush.

 

[afm199]

Commercial markets in city centers don't seem to have an eagerness to put out capital just yet. We may see significant blight in areas in city centers that were once flush.

Bingo.

We've already seen the beginning of that in Oakland. There was an utterly enormous surge of building here the last couple years, 9 million square feet permitted, IIRC. And downtown storefronts are boarded up, and closed. I suspect we will see commercial rental prices downtown plummet, while condo prices stay sky high. And man, I can't even imagine how the REIT's and banks that financed that spurt are doing. Well, I know how the REIT's are doing, lol.